
5418 Hermitage Ave Los Angeles, CA 91607
Valley Village NeighborhoodEstimated payment $13,220/month
About This Home
5418 Hermitage Avenue is a well-positioned 7-unit multifamily property in the desirable Valley Village neighborhood of Los Angeles, CA. Built in 1985, this property is exempt from the Los Angeles City Rent Stabilization Ordinance (RSO), providing flexibility for investors to adjust rental rates in alignment with market demand. The unit mix consists of one 2-bedroom/2-bathroom unit, five 1-bedroom/1bathroom units, and one studio, catering to a diverse tenant base including young professionals, small families, and individuals seeking proximity to urban amenities. The property benefits from a stable rental market in Valley Village, driven by its proximity to major employment hubs such as Universal Studios Hollywood (approximately 4 miles away) and the entertainment industry in nearby Studio City and North Hollywood. The unit mix supports strong rental income potential, with 2-bedroom units appealing to higher-income tenants and 1-bedroom/studio units attracting cost-conscious renters. Modern amenities, such as in-unit washer/dryer, dishwasher, and pet friendly policies (as seen in similar properties in the area), enhance tenant retention and reduce vacancy rates. From an investment perspective, the property offers a compelling opportunity for value-add strategies. Given its 1985 construction, selective renovations (e.g., updating kitchens, bathrooms, or common areas) could further increase rental income and property value. The absence of RSO restrictions allows for market-driven rent adjustments, maximizing cash f low in a neighborhood with consistent demand. Additionally, the property's location in a highly walkable and bikeable area with access to public transit (Laurel Canyon Station, 0.3 miles away) enhances its appeal to tenants, supporting long-term occupancy stability.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1985
Interior Spaces
- 4,736 Sq Ft Home
- 2-Story Property
- Microwave
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Parking
- 2 Parking Spaces
- Covered Parking
Additional Features
- 7,429 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- 7 Units
Listing and Financial Details
- Assessor Parcel Number 2347-013-021
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/18/2025 08/18/25 | For Sale | $2,050,000 | -- | $433 / Sq Ft |
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